The Federal Reserve acknowledged Wednesday that economic uncertainty is likely to weigh on growth in the near future, the central bank said in its Beige Book.

The Fed’s anecdotal survey of economic activity, prepared in this cycle by the Bank of Kansas City Fed through Aug. 26, described consumer spending excluding autos as flat or trending down in several districts. Manufacturing also slowed in many districts. Loan demand and real estate transactions were weak, sources said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.